Folding Electric Commuter Bike Reaches Funding Goal

An electric bicycle that can be folded has successfully raised its funding goal on Kickstarter.

The lightweight bike is designed specifically for commuters, with its folding design that allows it to be easily carried on a bus or train. It's also devoid of a chain of any sort, so riders don't have to worry about grease while riding, storing, or carrying the bike.

Designer Gabriel Wartofsky managed to raise $25,000 via Kickstarter, which he says will allow his to produce a limited run of 100 bikes.

Once completed, the bike is expected to have a range of between five and 30 miles, and weight somewhere between 20-30 pounds. The plan is to start shipping out finished bikes by early next year.

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